Hammerson is a European leader in commercial real estate promotion and management. The company actually tested the GBP 583 resistance.

A steady growth in sales is expected for the years to come, hence +17% for 2014. The company enjoys of an encouraging “Surperformance” trading rating and high profitability indicators. Rising EPS and revenue revisions evinces a positive overview from analysts on Hammerson. In addition, its low P/E ratio represents an opportunity for investors for a position taking on the stock.

On a technical viewpoint, if the stock aims a break through the GBp 583 resistance it will be the perfect timing for position taking on Hammerson. Indeed its price experiences an uptrend. A bounce over the resistance should mean a confirmation of an intended rally towards new highs since 2009.

Thus, investors could buy the equity over the GBP 583 area in order to profit from rising prices towards the GBp 622 target based on swing effect movement. A stop-loss order could be placed below the entry point.